Financial Examiners

Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.

O*NET reports this occupation under titles such as: Bank Examiner; Bank Secrecy Act Anti-Money Laundering Officer (BSA/AML Officer); Community Reinvestment Act Officer (CRA Officer); Compliance Analyst; Compliance Specialist; Credit Union Examiner; Credit Union Field Examiner; Examining Officer; Internal Auditor

Tasks

• Direct and participate in formal and informal meetings with bank directors, trustees, senior management, counsels, outside accountants, and consultants to gather information and discuss findings.
• Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
• Prepare reports, exhibits, and other supporting schedules that detail an institution's safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions.
• Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
• Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
• Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
• Plan, supervise, and review work of assigned subordinates.
• Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
• Examine the minutes of meetings of directors, stockholders, and committees to investigate the specific authority extended at various levels of management.
• Train other examiners in the financial examination process.
• Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
• Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.
• Provide regulatory compliance training to employees.
• Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.
• Review applications for mergers, acquisitions, establishment of new institutions, acceptance in Federal Reserve System, or registration of securities sales to determine their public interest value and conformance to regulations, and recommend acceptance or rejection.

Knowledge

• English Language
• Economics and Accounting
• Law and Government
• Mathematics
• Administration and Management

Skills

• Reading Comprehension
• Critical Thinking
• Active Listening
• Writing
• Speaking
• Monitoring
• Mathematics
• Active Learning
• Learning Strategies

Abilities

• Written Comprehension
• Oral Expression
• Deductive Reasoning
• Inductive Reasoning
• Oral Comprehension
• Written Expression
• Problem Sensitivity
• Near Vision
• Category Flexibility
• Speech Recognition
• Speech Clarity
• Information Ordering
• Mathematical Reasoning
• Number Facility
• Flexibility of Closure
• Selective Attention
• Fluency of Ideas
• Originality
• Speed of Closure
• Perceptual Speed